Tenaris S.A. (TS) : The consensus on Tenaris S.A. (TS) based on 6 analyst recommendation on the company stock is 2.83, which is interpreted as a Hold recommendation. Zacks Investment Research has issued a rank of 3 which endorses a Hold on the stock. However, 1 brokers have a differing view as they consider the stock to be a Strong Buy at current levels. 4 experts consider that the stocks earnings and the quoted price is in harmony, hence, they give it a Hold rating. 1 analyst also believes that the downside risk to the stock is higher and suggests a Sell on Tenaris S.A. (TS).
Tenaris S.A. (TS) : The highest short term price target forecast on Tenaris S.A. (TS) is $34 and the lowest target price is $21. A total of 6 equity analysts are currently covering the company. The average price of all the analysts is $26.5 with a standard deviation of $5.09.
Also, Goldman Sachs downgrades their rating on the shares of Tenaris S.A. (NYSE:TS). The current rating of the shares is Neutral. Earlier, the shares were rated a Buy by the brokerage firm. The rating by the firm was issued on July 20, 2016.
Tenaris S.A. (NYSE:TS): After opening at $26.26, the stock dipped to an intraday low of $26.18 on Thursday. However, the bulls stepped in to buy at lower levels and pushed the stock higher. The stock touched an intraday high of $26.895 and the buying power remained strong till the end. The stock closed at $26.84 for the day, a gain of 2.87% for the day session. The total traded volume was 2,964,972. The stocks close on the previous trading day was $26.09.
Tenaris S.A is a holding company, which is engaged in the steel pipe manufacturing and distribution businesses. The Company produces and sells both seamless and welded steel tubular products and related services mainly for the oil and gas industry, particularly oil country tubular goods used in drilling operations, and for other industrial applications with production processes that consist in the transformation of steel into tubular products. It operates in geographical areas, which include North America, South America, Europe, Middle East, Africa, and Far East and Oceania. Its principal finished products are seamless and welded steel casing and tubing, line pipe and other mechanical and structural steel pipes for different uses. It also manufactures sucker rods used in oil extraction activities, industrial equipment of various specifications and applications, including liquid and gas storage equipment, and welded steel pipes for electric conduits used in the construction industry.